Forsvaret
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- Dec 23, 2023
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Of course. It’s Ishaq Dar again. What else did you expect?They are yet again fudging and playing around with figures.
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Of course. It’s Ishaq Dar again. What else did you expect?They are yet again fudging and playing around with figures.
Some of the things are very simple.No - they’re not simple:
Good progress despite inherting near default Pakistan from Niazi regime.
The remarkable thing here is that fixing this issue doesn't have to be difficult, not at all. It literally just takes leaders who are focused on national interests and some basic common sense.
For example, we have China that imports oil and gas, and it wants to build an alternative route to the Straits of Malacca (in case the US puts pressure there).
So, all we had to do with CPEC was orient as an energy corridor - i.e., a port to receive crude, refineries to make product, rail lines and roads to transport product. Just build all that on loans from China, and then require China to pay a toll fee every year (given the debt accrued to build that infrastructure, they'd be toll-free for some years, and then eventually, Pakistan will get income).
Heck, if you train and up-skill the population, it might be easier to get FDI in manufacturing and other higher value industries. You may not even need to send that many people abroad. God forbid, you might even give Pakistani companies a better human resource pool such that they can improve their products and be more competitive in the global market.Some of the things are very simple.
Here is just 1 example.
Trash - just take your trash home with you, don't throw it on the street. If everyone did that, the streets would not have trash on them. It requires 0 investment or government effort.
Driving in Pakistan is a nightmare. Pakistani's drive like wild animals on the savannah. If they just followed the rules of the road like in every other civilised country - travelling would be safer and much less stressful.
Remittances. Our biggest export is humans. We send them out to every corner of the world completely unskilled. If there were vocational academies in Pakistan that trained people in vocations to an internationally recognised standard - our human capital could earn double or triple what they do. That money would be sent back.
I can give you some strictly economic ideas too if you like.
Listening to Patwaris Talking About Economics Is Never Ending Entertainment
Meanwhile Outside The World of State Mandated Figure Fudging
Over 100 factories shut down in Faisalabad amid rising costs
FAISALABAD: Rising energy tariffs and markup rates have significantly increased production costs, leading to the closure of over a hundred small and large factories, including Sitara Textile Mills,...www.thenews.com.pk
Oh yeah Niazi leaving Pakistan with record high CAD was brilliant economic policy. But but he left petrol at Rs150. Thats why PTI-supporter+s are economically dumb.
Growth rate now is 2-3% but guess what? Its not on back of foreign loans like in Dar/Niazi era. Now Pakistan will be forced to bring some reforms if it wants to see consistent 6% growth rates.
Guaranteed returns in USD was their insurance policy in case Pakistan went burst. Now - ordinary electricity consumers pay its ultimate price. Chinese knew Pakistanis were signing a bad deal all along.Non of this is was viable and China knew it. Thats why they mostly invested in IPPs with guaranteed returns.
Did you check the CAD your favorite Nawaz regime left in 2018?Oh yeah Niazi leaving Pakistan with record high CAD was brilliant economic policy.
Eh? Dar is still in the current era.Growth rate now is 2-3% but guess what? Its not on back of foreign loans like in Dar/Niazi era.
Guaranteed returns in USD was their insurance policy in case Pakistan went burst. Now - ordinary electricity consumers pay its ultimate price. Chinese knew Pakistanis were signing a bad deal all along.
Now only thing left to see is if current govt have balls to do reforms.
Transport where? Over the Himalayas to the China? Was this project even tested for economic feasibility - before PMLN sold it to us as “gift” from China:
CPEC a gift from China to Pakistan: PM Nawaz
Pakistani Prime Minister Nawaz Sharif told a conference of the country’s envoys on Wednesday that the relationship with China has transformed into a multi-dimensional partnership, and it was …cpecnews.com
Non of this is was viable and China knew it. Thats why they mostly invested in IPPs with guaranteed returns.
Pakistan can still course correct with reforms, then not only China but many others will come. But it will take some years.
Here's what I don't understand about this idea. Crude oil or refined products transportation costs at least 6,7 times or more than when doing it through ocean. 95+% of Chinese live at least 3000Km from Pakistan. So the time taken and the amount transported doesn't make much sense.So, all we had to do with CPEC was orient as an energy corridor - i.e., a port to receive crude, refineries to make product, rail lines and roads to transport product. Just build all that on loans from China, and then require China to pay a toll fee every year (given the debt accrued to build that infrastructure, they'd be toll-free for some years, and then eventually, Pakistan will get income).